Navigating the job market as an entry-level applicant can be both exciting and nerve-wracking. Take it from me, I literally just did it. From experience, I know that when it comes to job offers, many entry-level applicants wonder if they should just accept the first salary offer presented to them, or if they should really attempt to negotiate their salary.
While it may seem daunting, salary negotiation is an important step that can have an impact on both your career trajectory, and your financial well-being (obviously).
Here’s what you should know:
Know your worth
Before entering into salary negotiations, take the time to research and understand your market value. Websites like Glassdoor can provide valuable insights into what others in similar roles are earning. By knowing your market value, you can make a more informed decision when it comes to negotiating your own salary.
Set Realistic Expectations
While aiming high is important, it's also good to set realistic expectations for your negotiation. You should consider factors such as the cost of living in your area, industry norms, and the other benefits being offered by the employer.
Highlight Your Value
During the negotiation process, you should showcase your skills, qualifications, and unique contributions that make you a valuable asset to the company. By demonstrating the value you bring to the table, you can strengthen your case for a higher salary.
Consider Employer Attitudes Towards Negotiation
It’s important to note that many employers are open to salary negotiations, especially if they’re presented with a well-reasoned argument for a higher salary based on your qualifications and market value. Many employers also appreciate candidates who advocate for themselves and their worth.
Overall:
You Should Consider Negotiating Under These Circumstances
- Once you have the offer letter in hand. Please note your interviews are not the time or place to make any mention of salary.
- If you have unique skills or experience that sets you apart from other entry-level candidates, you may have leverage to negotiate a higher starting salary.
- If the cost of living in your area is higher than average.
- If you have received multiple job offers, salary negotiation can help you make an informed decision about which job to accept.
You Should Avoid Negotiating Under These Circumstances
- If you have little to no experience in your field, it may be more challenging to negotiate a higher starting salary.
- If the employer has clearly stated that the initial salary offer is non-negotiable. In this case, attempting to negotiate may harm your chances of being hired.
- If it’s a genuinely generous offer. If the benefits and pay package offered are competitive, leave it as-is. You may have found a great company that truly appreciates your potential, and you shouldn’t risk it by asking for more.
Final Thoughts
While it may feel intimidating, negotiating your salary as an entry-level applicant is an important step in setting yourself up for success. By knowing your worth, setting realistic expectations, confidently advocating for your value, and considering your employers attitude towards negotiation, you can secure a salary that reflects your skills and contributions.
Remember, the negotiation process is an opportunity to establish your value from the start! Wishing you all the best in your new role!